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Tom, Dick, and Harry Each Receive a $10,000 Salary, as Well

Question 126

Essay

Tom, Dick, and Harry each receive a $10,000 salary, as well as 10 percent interest on their respective average investments of $60,000, $100,000, and $20,000. If they share remaining income and losses in a 2:1:3 ratio, respectively, by how much would Dick's account increase or decrease (indicate a decrease by placing parentheses around the amount), assuming (a) net income of $72,000, (b) net income of $36,000, and (c) net loss of $36,000.

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a. $24,000...

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